the implementation of a sustainable lifestyle education program at its
properties;

adopting a more energy efficiency platform at its newest developments;

and its comprehensive corporate social responsibility platform that
includes environmental, social and economic focuses.

The annual E-3 Awards presentation recognizes corporate leaders from
both the public and private companies who exemplify entrepreneurial
spirit and a commitment to excellence. Through an intensive
multi-faceted process, Emerald’s team of research analysts and portfolio
managers identify corporate leaders who have demonstrated the following:
a creative “outside the box” approach to corporate achievements; a
corporate culture that promotes personal and corporate excellence; and
an ability to effectively identify and adapt cutting-edge technologies
to position the organization for future success.

Mr. Rollins and Mr. Hartnett commented: “We are honored to accept this
award on behalf of Campus Crest Communities. Our entire organization is
focused on coming up with different, creative ways to make positive
social, economic and environmental impacts on the communities in which
we own and operate student housing properties. Over the past year we
have taken a number of proactive steps including partnering with the Institute
for the Built Environment at Colorado State University to come up
with innovative ways to make our building products and resident life
programs align with our sustainability goals. We are proud of our
collective efforts thus far and look forward to continuously refining
our building practices to incorporate additional green features.”

“Ted and Mike exemplify the type of strategic thinking and leadership
qualities that we look for when evaluating a company for an E-3 award,”
said Emerald Founder and CEO, Joseph E. Besecker. “In a relatively short
period of time they have responsibly built Campus Crest into one of the
nation’s largest owners and operators of purpose built student housing.
Their recent efforts to become a leader in sustainable student housing
are a testament to their innovative spirit and commitment to corporate
responsibility. We at Emerald believe their efforts deserved to be
recognized.”

The award was presented at the Nineteenth Annual Emerald Groundhog Day
Investment Forum held at the Radisson Plaza-Warwick Hotel in
Philadelphia on February 7th, 2012. The event showcased
investment opportunities in some of the Mid-Atlantic region's fastest
growing companies, as well as industry leaders from across the country.

About Campus Crest Communities, Inc:

Campus Crest Communities, Inc. is a leading developer, builder, owner
and manager of high-quality, purpose-built student housing properties
located close to college campuses in targeted U.S. markets. The Company
is a self-managed, self-administered and vertically-integrated real
estate investment trust which operates all of its properties under The
Grove® brand. The Company owns interests in 33 operating student housing
properties containing approximately 6,324 apartment units and 17,064
beds. Since its inception, the Company has focused on customer service,
privacy, on-site amenities and its proprietary residence life programs
to provide college students across the United States with a higher
quality of living.